Metal and Recycling Company (MRC), which is listed on Boursa Kuwait, has signed an agreement to manage and recycle plastic waste generated by EQUATE Petrochemical Company’s industrial operations.
MRC will place 20 dedicated containers inside EQUATE’s facilities to collect the waste, the company said in a statement released on Wednesday. The waste will be moved periodically to MRC’s facilities for sorting, processing and recycling.
Financial terms were not disclosed.
Tarek Ibrahim Al-Mousa, Vice Chairman and Chief Executive Officer of MRC, said industrial sustainability is at the core of the company’s business.
MRC, founded in 1987, offers waste management, metal scrap processing, plastic recycling and hazardous waste services. It recycles more than 60,000 tons of metal scrap a year, according to the company.
The company is also developing the Mina Abdullah Eco-Industrial Park to provide industrial infrastructure and logistics services in Kuwait.
